Tuttle Enterprises Is Considering a Project That Has the Following

Multiple Choice

Tuttle Enterprises is considering a project that has the following cash flow and WACC data.What is the project's NPV? Note that if a project's projected NPV is negative,it should be rejected. $$\begin{array} { l c c c c c } \text { WACC: } & { 11.50 \% } & & & & \\\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & - \$ 1,000 & \$ 350 & \$ 350 & \$ 350 & \$ 350\end{array}$$

A) 084.03
B) 064.70
C) 059.49
D) 082.54
E) 074.36